Economic Science and Entropy
نویسندگان
چکیده
منابع مشابه
Economic Entropy
Economists have neglected to study the phenomenon of vanishing uncertainties and risks in the production process as maturing goods approach the final consumer who is eager to buy them at established prices. We fill this gap in resurrecting Adam Smith’s long-forgotten notion of social circulating capital. Then the propensity to consume appears as the volume, and the discount rate as the marginal...
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ژورنال
عنوان ژورنال: Theoretical Economics Letters
سال: 2020
ISSN: 2162-2078,2162-2086
DOI: 10.4236/tel.2020.106074